Alset Inc. terminated Termination Agreement Relating to Purchase of Shares of Hapi Metaverse Inc. with HWH International Inc. valued at Termination of purchase and sale of 505,341,376 shares of Hapi Metaverse Inc. common stock for $19,9 (effective 2026-05-06).
“The Company and its subsidiary HWH have now agreed to terminate the purchase and sale of the Hapi Metaverse Shares, and the agreements contemplating the same, on the terms and subject to the conditions set forth in a Termination Agreement dated May 6, 2026.”
Material Agreements
Alset Inc. entered into Securities Purchase Agreement with DSS, Inc. valued at $2,450,000 (effective 2026-03-26).
“On March 26, 2026, Alset International Limited (“AIL”), a majority-owned subsidiary of Alset Inc. (the “Company”) entered into a securities purchase agreement (the “SPA”) with DSS, Inc., a New York company (“DSS”) pursuant to which AIL will loan DSS $2,450,000, in exchange for a convertible promissory note (the “Note”) and warrants to purchase 16,554,055 shares of DSS common stock (the “Warrants”).”
Material Agreements
Alset Inc. entered into Stock Purchase Agreement and Convertible Promissory Note with HWH International Inc. valued at $19,910,603.00 (effective 2026-02-05).
“Stock Purchase Agreement and Convertible Promissory Note On February 5, 2026, Alset entered into the Stock Purchase Agreement with the Buyer, pursuant to which Alset agreed to sell to the Buyer 505,341,376 issued and outstanding shares of common stock, par value $0.0001, of Hapi Metaverse Inc. for a purchase price of $19,910,603.00 in the form of a promissory note convertible into newly issued shares of the Buyer’s common stock. The Convertible Note bears a simple interest rate of 1% per annum. Under the terms of the Convertible Note, Alset may convert any outstanding principal and interest into shares of the Buyer’s common stock at $1.85 per share upon ten (10) days’ notice prior to maturity of the Convertible Note five (5) years from the date of the Term Sheet, and upon maturity of the Convertible Note any outstanding principal and accrued interest accrued thereunder will automatically be converted into shares of the Buyer’s common stock at the conversion rate. The closing of the Sto”
Material Agreements
Alset Inc. entered into Binding Term Sheet for Sale of Shares of Hapi Metaverse Inc. with HWH International Inc. valued at $19,910,603.00 (effective 2026-02-05).
“Binding Term Sheet for Sale of Shares of Hapi Metaverse Inc. On February 5, 2026, Alset Inc. (“Alset”) entered into a term sheet (the “Term Sheet”), with HWH International Inc., a Nevada company (the “Buyer”), a majority owned subsidiary of Alset. Pursuant to the Term Sheet, Alset agreed to sell to the Buyer 505,341,376 issued and outstanding shares of common stock, par value $0.0001 (the “Shares”), of Hapi Metaverse Inc. (“Hapi Metaverse”), representing 99.55% of Hapi Metaverse’s outstanding capital. Under the terms of the Term Sheet, Alset agreed to sell the Shares through a stock purchase agreement for a purchase price of $19,910,603.00 in the form of a promissory note convertible into newly issued shares of the Buyer’s common stock (the “Stock Purchase Agreement,” and the “Convertible Note”). The Convertible Note bears a simple interest rate of 1% per annum. Under the terms of the Convertible Note, Alset may convert any outstanding principal and interest into shares of the Buyer’s”
M&A Transactions
Alset Inc. completed an acquisition involving Chan Heng Fai for $83,000,000 in the form of a promissory note convertible into newly issued shares of the Company's common stock (closed 2025-07-23).
“Chief Executive Officer and largest stockholder, pursuant to which the Company purchased from Mr. Chan all of the outstanding shares of NEAPI for a purchase price of $83,000,000 in the form of a promissory note convertible into newly issued shares of the Company’s common stock (the “Convertible Note”). The Convertible Note bears a simple interest rate of”
Auditor Changes
Alset Inc. engaged HTL International, LLC as its auditor.
“On July 2, 2025, the Company engaged HTL International, LLC (“HTL”) as its independent registered public accounting firm for the Company’s fiscal year ending December 31, 2025.”
Auditor Changes
Alset Inc. dismissed Grassi & Co., CPAs, P.C. as its auditor.
“On July 2, 2025, the Board of Directors of Alset Inc. (the “Company”) dismissed Grassi & Co., CPAs, P.C. (“Grassi”) as its independent registered public accounting firm at the recommendation of the Audit Committee.”
Debt Financings
Alset Inc. incurred convertible notes of $83,000,000 with Chan Heng Fai at 1% per annum maturing five (5) years from the date of the Term Sheet.
“On May 22, 2025, pursuant to the terms of the Amended Term Sheet, the Company and the Seller entered into a Stock Purchase Agreement (the “Stock Purchase Agreement”) to purchase from the Seller all of the outstanding shares of NEAPI for a purchase price of $83,000,000 in the form of a promissory note convertible into newly issued shares of the Company’s common stock (the “Convertible Note”).”
Listing & Compliance Notices
Alset Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).
“May 13, 2025, Alset Inc. (the “Company”) received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, because the closing bid price for the Company’s common stock listed on Nasdaq was below $1.00 for 30 consecutive trading days, the Company no longer meets the minimum bid price requirement for continued listing on The Nasdaq Capital Market under Nasdaq Marketplace Rule 5550(a)(2), requiring a minimum bid price of $1.00 per share (the “Minimum Bid Price Requirement”). The notification has no immediate effect on t”
Listing & Compliance Notices
Alset Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).
“April 15, 2024, Alset Inc. (the “Company”) received written notice (the “Notice”) from the Listing Qualifications Staff (the “Staff”) of the Nasdaq Stock Market, LLC (“Nasdaq”) notifying the Company that for the last 30 consecutive business days prior to the date of the Notice, the Company’s bid price was below the minimum $1 required for continued listing on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Requirement”). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), Nasdaq has provided the Company with 180 calendar days, or until October 12, 2024, (”
Anthony S. Chan resigned as Chief Operating Officer at Alset Inc..
“On March 10, 2024, Anthony S. Chan resigned as Chief Operating Officer of Alset Inc. (the “Company”), effective immediately, due to personal reasons.”
Shareholder Votes
Alset Inc. shareholders approved Ratification of Grassi & Co., CPAs, P.C. as independent registered public accounting firm for year ending December 31, 2023 at the 2023-12-14 meeting.
“Proposal 2. At the Annual Meeting, the stockholders ratified the appointment of Grassi & Co., CPAs, P.C. as the Company’s independent registered public accounting firm for the year ending December 31, 2023. The result of the votes to ratify the appointment of Grassi & Co., CPAs, P.C. was as follows: For Against Abstain 6,181,851.65 7,959.00 3,919.00”
Shareholder Votes
Alset Inc. shareholders approved Election of seven directors at the 2023-12-14 meeting.
“Proposal 1. At the Annual Meeting, the terms of seven (7) members of the Board expired. All of the seven (7) nominees for director were elected to serve until the next annual meeting of stockholders or until their successors are elected and qualified, or until such director’s prior death, resignation, retirement, disqualification or removal. The result of the votes to elect the seven (7) directors was as follows: Directors For Withheld Broker Non-Votes Chan Heng Fai 5,788,359.00 25,555.65 379,815.00 Wong Tat Keung 5,556,594.00 257,320.65 379,815.00 William Wu 5,556,926.15 256,988.50 379,815.00 Wong Shui Yeung 5,564,338.15 249,576.50 379,815.00 Lim Sheng Hon Danny 5,782,317.15 31,597.50 379,815.00 Joanne Wong Hiu Pan 5,788,404.05 25,510.60 379,815.00 Chan Tung Moe 5,790,068.15 23,846.50 379,815.00”
Material Agreements
Alset Inc. entered into Binding Term Sheet for Acquisition of New Energy Asia Pacific Inc. with Chan Heng Fai valued at $103,750,000.00 convertible promissory note (effective 2023-12-13).
“On December 13, 2023, Alset Inc. (the “Company”) entered into a term sheet (the “Term Sheet”), with Chan Heng Fai (the “Seller”), the Chairman of the Board of Directors, Chief Executive Officer and largest stockholder of the Company.”
Material Agreements
Alset Inc. entered into Stock Purchase Agreement with Massive Brilliant Limited valued at $8,000,000.00 per share purchase (effective 2023-11-21).
“On November 21, 2023, Alset International Limited, an 85.4%-owned subsidiary of Alset Inc. (the “Company”) entered into two Stock Purchase Agreements (each, a “Stock Purchase Agreement,” collectively the “Stock Purchase Agreements”), with each of Teh Wing Kwan, a citizen of Singapore, and Massive Brilliant Limited, a Hong Kong limited company (each an “Investor,” collectively, the “Investors”), the terms of each Stock Purchase Agreement being substantially the same.”
Material Agreements
Alset Inc. entered into Stock Purchase Agreement with Teh Wing Kwan valued at $8,000,000.00 per share purchase (effective 2023-11-21).
“On November 21, 2023, Alset International Limited, an 85.4%-owned subsidiary of Alset Inc. (the “Company”) entered into two Stock Purchase Agreements (each, a “Stock Purchase Agreement,” collectively the “Stock Purchase Agreements”), with each of Teh Wing Kwan, a citizen of Singapore, and Massive Brilliant Limited, a Hong Kong limited company (each an “Investor,” collectively, the “Investors”), the terms of each Stock Purchase Agreement being substantially the same.”
Material Agreements
Alset Inc. entered into Contracts for Purchase and Sale and Escrow Instructions with Century Land Holdings of Texas, LLC valued at $11,172,500 (effective 2023-11-13).
“On November 13, 2023, 150 CCM Black Oak Ltd. (the “Seller”), a Texas Limited Partnership and an indirect, majority owned subsidiary of Alset Inc. (the “Company”), entered into two Contracts for Purchase and Sale and Escrow Instructions (each an “Agreement,” collectively, the “Agreements”) with Century Land Holdings of Texas, LLC, a Colorado limited liability company (the “Buyer”).”
Material Agreements
Alset Inc. entered into Contract of Sale with Davidson Homes, LLC valued at $10,022,500 (effective 2023-03-17).
“On March 17, 2023, the Seller entered into a Contract of Sale (the “Contract of Sale”) with Davidson Homes, LLC, an Alabama limited liability company (“Davidson Homes”).”
Material Agreements
Alset Inc. entered into Purchase and Sale Agreement with Rausch Coleman Homes Houston, LLC valued at $6,586,250 (effective 2023-03-16).
“On March 16, 2023, 150 CCM Black Oak Ltd. (the “Seller”), a Texas limited partnership and an indirect, majority-owned subsidiary of Alset Inc. (the “Company”) entered into a Purchase and Sale Agreement (the “Purchase and Sale Agreement”) with Rausch Coleman Homes Houston, LLC, a Texas limited liability company (“Rausch Coleman”).”
Material Agreements
Alset Inc. entered into Underwriting Agreement with Aegis Capital Corp. (effective 2023-02-06).
“On February 6, 2023, Alset Inc. (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) in connection with an offering (the “Offering”) of its common stock, par value $0.001 per share (the “Common Stock”), with Aegis Capital Corp. (the “Underwriter”) as the underwriter, relating to an underwritten public offering of 1,727,273 shares of Common Stock at a public offering price of $2.20 per share.”
Governance Changes
Alset Inc.: Filed Certificate of Amendment to Certificate of Formation to effect a 1-for-20 reverse stock split (effective 2022-12-28).
“On December 6, 2022, Alset Inc., a Texas corporation (the “Company”), filed a Certificate of Amendment to the Company’s Certificate of Formation (the “Amendment”) with the Texas Secretary of State to effect a 1-for-20 reverse stock split (the “Reverse Stock Split”) with an effective date of December 28, 2022”
Shareholder Votes
Alset Inc. shareholders approved Approval of reverse stock split of common stock at a ratio of 1-for-20 and amendment of Certificate of Formation at the 2022-12-05 meeting.
“Proposal 3. At the Annual Meeting, the stockholders approved a reverse stock split of the Company's common stock at a ratio of 1-for-20 and an amendment of the Company's Certificate of Formation to effect the reverse stock split. The result of the votes to effect the reverse stock split of the Company's common stock at a ratio of 1-for-20 and amend the Company's Certificate of Formation was as follows: For Against Abstain Broker Non-Votes 102,873,012 1,591,711 21,023 7,535,926”
Shareholder Votes
Alset Inc. shareholders approved Ratification of appointment of Grassi & Co., CPAs, P.C. as independent registered public accounting firm at the 2022-12-05 meeting.
“Proposal 2. At the Annual Meeting, the stockholders ratified the appointment of Grassi & Co., CPAs, P.C. as the Company's independent registered public accounting firm for the year ending December 31, 2022. The result of the votes to ratify the appointment of Grassi & Co., CPAs, P.C. was as follows: For Against Abstain 111,806,608 165,352 49,712”
Shareholder Votes
Alset Inc. shareholders approved Election of seven directors at the 2022-12-05 meeting.
“Proposal 1. At the Annual Meeting, the terms of seven (7) members of the Board expired. All of the seven (7) nominees for director were elected to serve until the next annual meeting of stockholders or until their successors are elected and qualified, or until such director's prior death, resignation, retirement, disqualification or removal. The result of the votes to elect the seven (7) directors was as follows: Directors For Withheld Broker Non-Votes Chan Heng Fai 103,229,238 1,256,508 7,535,926 Wong Tat Keung 101,507,285.92 2,978,460.08 7,535,926 William Wu 101,357,108 3,128,638 7,535,926 Wong Shui Yeung 101,512,397.92 2,973,348.08 7,535,926 Lim Sheng Hon Danny 103,014,334 1,471,412 7,535,926 Joanne Wong Hiu Pan 103,173,815 1,311,931 7,535,926 Chan Tung Moe 103,179,737 1,306,009 7,535,926”
Material Agreements
Alset Inc. amended Contract for Purchase and Sale and Escrow Instructions with Century Land Holdings of Texas, LLC (effective 2022-11-28).
“On November 28, 2022, the parties to the Agreement entered into an amendment to the Agreement (the “Amendment”). Pursuant to the Amendment, the Buyer will now proceed with the purchase of approximately 131 single-family detached residential lots, instead of 242 lots.”
Material Agreements
Alset Inc. entered into Contract for Purchase and Sale and Escrow Instructions with Century Land Holdings of Texas, LLC valued at $12,881,000 (effective 2022-10-28).
“On October 28, 2022, 150 CCM Black Oak Ltd. (the “Seller”), a Texas Limited Partnership and an indirect, majority-owned subsidiary of Alset Inc. (the “Company”), entered into a Contract for Purchase and Sale and Escrow Instructions (the “Agreement”) with Century Land Holdings of Texas, LLC, a Colorado limited liability company (the “Buyer”).”
Lim Sheng Hon Danny was appointed as Director at Alset Inc..
“Effective as of October 3, 2022, Ms. Joanne Wong Hiu Pan, Mr. Chan Tung Moe and Mr. Lim Sheng Hon Danny joined the Board of Directors (the "Board") of Alset Inc. (the "Company").”
Chan Tung Moe was appointed as Director at Alset Inc..
“Effective as of October 3, 2022, Ms. Joanne Wong Hiu Pan, Mr. Chan Tung Moe and Mr. Lim Sheng Hon Danny joined the Board of Directors (the "Board") of Alset Inc. (the "Company").”
Joanne Wong Hiu Pan was appointed as Director at Alset Inc..
“Effective as of October 3, 2022, Ms. Joanne Wong Hiu Pan, Mr. Chan Tung Moe and Mr. Lim Sheng Hon Danny joined the Board of Directors (the "Board") of Alset Inc. (the "Company").”
Ang Hay Kim Aileen resigned as member of the Board of Directors at Alset Inc..
“On April 29, 2022, Ang Hay Kim Aileen resigned as a member of the Board of Directors of Alset EHome International Inc. (the “Company”) due to personal reasons.”
Anthony S. Chan was appointed as Chief Operating Officer at Alset Inc..
“Effective as of February 15, 2022, the Board of Directors of Alset EHome International Inc. (the “Company”) has appointed Anthony S. Chan as the Chief Operating Officer of the Company.”
Robert H. Trapp resigned as Director at Alset Inc..
“On November 3, 2021, Robert H. Trapp resigned as a member of the Board of Directors of the Company.”
Wong Shui Yeung was appointed as Director at Alset Inc..
“On November 3, 2021, Mr. Wong Shui Yeung joined the Board of Directors of Alset EHome International Inc. (the “Company”).”
Chan Tung Moe was appointed as Co-Chief Executive Officer at Alset Inc..
“Effective as of July 1, 2021, the Board of Directors of the Company has appointed Chan Tung Moe as the Co-Chief Executive Officer of the Company.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.